If we take gains for the first half of the current fiscal FY21, the gains on the benchmark indices were to the tune of 31%, while for the September quarter it was 10 percent on both the indices i.e. Nifty and Sensex. And the small cap and mid-cap space saw a lot of action given the high liquidity in the system with BSE small cap rising a whopping 20% in the September quarter.
The gains have come also as the mid and small cap scrips are seen to be undervalued and investors' anticipate huge gains with the Nifty seeing resilience.
In the BSE Small Cap index a total of 18 stocks zoomed over 100%, doubling investors' money in Q2FY21.
Here are listed all such stocks from the pack:
|Stock||Gains in Q2FY21 (In %)|
|Camlin Fine Services||117|
|Butterfly Gandimathi Appliances||109|
Now as per experts if the reasons for the likely rally in these stocks changes the momentum in these stocks may slow down. Also such rise cannot sustain as there comes a point when there is mean reversion and then likely correction in these stocks.